Industrial Property for Lease in Seattle, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Seattle, WA 98107

Description

Introducing a prime leasing opportunity at 832 NW 48th St, Seattle, WA, 98107. This versatile property offers a spacious and adaptable layout, perfectly suited for a variety of business uses, including office, light manufacturing, or distribution purposes. With modern amenities, ample parking, and a strategic location, this space provides excellent functionality and accessibility for both clients and employees. The well-maintained interior and potential for customization make this property an ideal choice for businesses seeking a professional, adaptable environment to support their unique requirements. Elevate your operations in this dynamic space designed to accommodate your business aspirations and provide room for growth and success. Discover the potential of this versatile property by scheduling a tour today.

Market Context

This industrial in Seattle, WA is listed for lease. It has been on the market for 21 days. Compare it against other industrial listings for lease in Seattle, WA — <a href="/search/lease/industrial/washington/seattle">view the full market</a>.

As of Q4 2024, the Seattle / Bellevue industrial market showed a 9.7% vacancy rate, average asking rents near $12.84/SF/yr, rents up 9.1% year over year, and cap rates around 5.2%. Source: Consensus Q4 2024 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Seattle / Bellevue?
About 5.2% as of Q4 2024, per Consensus.
Is the Seattle / Bellevue industrial market tightening or softening?
Vacancy is around 9.7%, with asking rents rising year over year (Q4 2024).

Unified Estimate

Medium Confidence

$0.91/SF/mo – $1.23/SF/mo

Mid: $1.07/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

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